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Behavioural Response to Investment Risks in Energy Efficiency

Objective

Investments in energy efficiency in the residential sector (27% of EU final energy demand) may also provide economic benefits at different levels of the economy. These benefits may not be realized because of barriers, which are typically reflected in implied discount rates. BRISKEE (Behavioural Response to Investment Risks in Energy Efficiency) provides evidence-based input to energy efficiency policy design and evaluation, thereby supporting the market uptake of energy efficiency technologies in the EU residential sector. It contributes to the work programme by addressing the interrelations between microeconomic factors, sectoral energy demand and macroeconomic effects, relying on a consistent methodological framework implemented in 5 work packages:
• Provide empirical evidence for the magnitudes of discount rates accounting for differences across households, technologies and countries, and assess their effects on the diffusion of efficiency technologies in the EU (micro-level). A multi-country survey (1000 interviews per country) will be carried out and analyzed econometrically.
• Explore the impact of time discounting and risk preferences (and of policies affecting those factors) on the diffusion of energy efficient technology and energy demand in the EU residential sector until 2030 (meso-level). Established bottom-up vintage stock models will be employed for appliances (FORECAST-Residential) and for buildings (Invert/EE-Lab).
• Explore the macro-level impacts of changes in microeconomic decision-making and of energy efficiency policy on employment, GDP and exports in the EU until 2030. This involves simulations with an established macro-economic model for the EU (ASTRA).
• Provide evidence-based recommendations for key energy efficiency policies and input for impact assessments and policy analysis at the three levels of analysis.
• Communicate and disseminate empirical findings to policy makers, national experts, the research community and the general public.

Field of science

  • /social sciences/economics and business/economics/macroeconomics
  • /social sciences/sociology/governance/crisis management

Call for proposal

H2020-EE-2014-2-RIA
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Funding Scheme

RIA - Research and Innovation action

Coordinator

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.
Address
Hansastrasse 27C
80686 Munchen
Germany
Activity type
Research Organisations
EU contribution
€ 494 362,50

Participants (5)

Chambre de Commerce et d'Industrie de Grenoble
France
EU contribution
€ 241 562
Address
Place Andre Malraux 1
38016 Grenoble Cedex 1
Activity type
Higher or Secondary Education Establishments
TECHNISCHE UNIVERSITAET WIEN
Austria
EU contribution
€ 143 500
Address
Karlsplatz 13
1040 Wien
Activity type
Higher or Secondary Education Establishments
CARDIFF UNIVERSITY
United Kingdom
EU contribution
€ 60 340
Address
Newport Road 30-36
CF24 ODE Cardiff
Activity type
Higher or Secondary Education Establishments
EUROPEAN COUNCIL FOR AN ENERGY EFFICIENT ECONOMY FORENING - ECEEE

Participation ended

Sweden
EU contribution
€ 28 500
Address
Sveav 98 Iv
11350 Stockholm
Activity type
Other
BORG & CO AB
Sweden
EU contribution
€ 60 868,75
Address
Sveavagen 98 4Tr
113 50 Stockholm
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)